The writing on the wall for Theranos has been clear for months, but it was only last night that the endgame started in earnest when the WSJ reported that the company itself effectively admitted its technology was a fraud, when it said it would restate and void two years of blood test results, and admitted that "some patients have received erroneous results that might have thrown off health decisions made with their doctors," a sufficient admission for an endless barrage of civil and criminal lawsuits.
And nowhere is the endgame more visible than in the following LinkedIn posting as of 13 hours ago, which confirms that none other than Elizabeth Holmes own executive assistant has resigned and the company is trying to find a replacement for "executive assistant to the CEO."
To those desperate enough to apply for the position, our condolences: there is a great than 50% chance the company, which describes itself as follows:
Our mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease, and empowering individuals with information to live the lives they want to live.
At Theranos, we're working to shape the future of lab testing. Now, for the first time, our high-complexity CLIA-certified laboratory can perform your tests quickly and accurately on samples as small as a single drop.
... will not be around long enough to make even one salary payment.